Search Result for : Logistics

There are huge opportunities across entire food value chain: President

The Dollar Business Bureau India’s food consumption is expected to reach $1 trillion by 2025 and the entire food value chain in the country offers immense opportunities for domestic as well as foreign investors, said President Ram Nath Kovind on Sunday. This is a sector having ‘huge business appetite’ and has potential for generating employment for the huge young population and women of India, the President said, while speaking at the World Food India 2017. He further said that by putting focus on food processing will not only help in cutting down ‘unacceptable level’ of wastage of food in the country but also help in doubling the income of farmers. “Food is culture but food is also commerce. ...

Paytm Mall to pump in $35 million in logistics

The Dollar Business Bureau Paytm Mall, the unit of e-commerce player Paytm said on Tuesday that it is planning to invest $35 million (around Rs.225 crore) to expand its logistics business. The company also plans to cut short the delivery time and is investing in technology and infrastructure for enhancing its logistics support by meeting the demand of customers intending to service deliveries on the same-day and the next-day. Paytm Mall that partners with offline traders for selling products, will start providing one-day and two-day deliveries for appliances and electronics products across 25 cities all over India in the first phase. The delivery service will soon be increased to over 100 cities and additional product categories. Currently, the company is working with three courier firms - Delhivery, Xpressbees and Bluedart, delivering packages to over 17,000 ...

M&As by China in countries part of BRI soar, despite capital crack down

The Dollar Business Bureau Mergers and acquisitions (M&As) by Chinese firms in nations which are part of the Belt and Road Initiative (BRI) are rising, even as the Government cracks down on acquisitive conglomerates of China to limit capital outflows. The acquisitions by Chinese firms in 68 countries that are officially linked to the foreign policy of President Xi Jinping totaled around $33 billion till August 14, exceeding the $31 billion total count for the entire 2016, as per the data by Reuters. The BRI project, unveiled in 2013, is aimed at creating a modern-day ‘Silk Road’, which connect China by sea and land to Pakistan, Southeast Asia and Central Asia, and further to the Europe, Africa and Middle East. President Xi has ...

Focus on improving railways infra for seamless traffic movement: Prabhu

The Dollar Business Bureau In order to create a proper logistics environment and seamless movement of traffic in the country, Ministry of Railways is focussing more to improve the railways infrastructure and also to speed-up the pace of infrastructure development, said Railways Minister Suresh Prabhu on Thursday.  “Railway Ministry is focussing more on improving the infrastructure of Indian Railways to create a proper logistics and seamless movement of traffic,” said Prabhu at an event organised by ASSOCHAM in New Delhi. “Therefore, we have decided to create an infrastructure at much faster pace. Already we are creating infrastructure twice to speed than previous year and will increase every year,” he added.   Citing the Ministry’s achievement, Prabhu said that his ministry has sanctioned around 16,500 ...

APEDA Chairman stresses on upgradation of cold chain logistics to boost exports

The Dollar Business Bureau  APEDA Chairman, D K Singh, while speaking at an Assocham event on cold chain development stressed that ‘Indian traders need to focus on logistics and other issues in their business plans which are relevant to global markets.’  He highlighted the feedback the department received from Korea on the shipment of mangoes, which was not good, as the shipment fell short in terms of quality, packaging and other issues. It should be recalled that South Korea agreed to import mangoes from India after conducting the stringent pest risk analysis (PRA). Indian mangoes are now popular in the US, Europe, the Far East, Middle East and also reaching and opening newer markets. India’s export of fresh mango stood at 36,329 ...

Chidambaranar Port, TANGEDCO ink pact to upgrade coal jetties to handle 24 mn tonnes

The Dollar Business Bureau One of the top major ports in the country, the VO Chidambaranar (VOC) Port and Tamil Nadu’s Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) inked an agreement today to increase the capacities of two coal jetties at the port four-fold to 24 million tonnes for Rs 800 crore. The pact will upgrade two coal jetties at VOC Port - Jetty I and II -- from 6.25 MTPA (million tonne per annum) to 24 MTPA. The Ministry of Shipping in a press a statement said: "The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II.” The Minister for Shipping Nitin Gadkari said that coal ...

India to invest $10 billion in Bangladesh

The Dollar Business Bureau India is ready to make an investment of $10 billion in Bangladesh for the development of its sectors such as infrastructure, power and energy, logistics, education, medical, rail, road and waterways and medicine, said Bangladesh Prime Minister Sheikh Hasina after returning from a four-day tour visit to India.   The PM also informed that Indian government will be extending a loan of $5 billion, out of which $500 million will be used for consolidating the Bangladesh military. The monetary assistance will be specifically used for training the military personnel to ensure peace in border areas, and joint patrols and drills in international sea areas. The amount will also be invested in purchasing military equipment. "The offers of investment and ...

GST Council meets today, action packed days ahead

Ranjeet Mahtani & Sweta Rajan All eyes and ears are on the GST Council's meeting this weekend. At the time of stop press, the update is that the GST Council has reached a consensus on the CGST  and IGST bills, but the State GST bill could not be discussed - it emerges that some amendments by the Law Department are yet to be incorporated. These agreed bills will be taken up later this month by the Parliament, and the GST Council will have a further meeting on March 16th. Ahead of the GST Council’s meetings today, March 4th and tomorrow, a limited indication of some of its proposals to the provisions of the GST laws has been provided.  Peak rate at 40% One such ...

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